Cambridge Bitcoin Electricity Index: How Much Power the Bitcoin Network Really Uses
The Cambridge Bitcoin Electricity Consumption Index (CBECI), developed by the Cambridge Centre for Alternative Finance (CCAF), offers a real-time estimate of the total electricity consumption of the Bitcoin network. This tool is instrumental in understanding the environmental impact of Bitcoin mining, which relies on energy-intensive proof-of-work algorithms. Understanding the CBECI Methodology The CBECI estimates Bitcoin’s…
